{"id":595280,"date":"2022-04-11T13:26:01","date_gmt":"2022-04-11T13:26:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=595280"},"modified":"2022-04-11T13:26:01","modified_gmt":"2022-04-11T13:26:01","slug":"air-compressor-market-size-share-development-revenue-future-growth-latest-trends-and-forecast-to-2028-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/air-compressor-market-size-share-development-revenue-future-growth-latest-trends-and-forecast-to-2028-grand-view-research-inc_595280.html","title":{"rendered":"Air Compressor Market Size, Share, Development, Revenue, Future Growth, Latest Trends and Forecast to 2028 | Grand View Research, Inc."},"content":{"rendered":"
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Grand View Research, Inc. – Market Research And Consulting.<\/div>\n<\/div>\n<\/div>\n
According to a new report published by Grand View Research, the global air compressor market size is anticipated to reach USD 40.98 billion by 2028. It is expected to expand at a CAGR of 3.4% from 2021 to 2028.<\/div>\n

The global air compressor market<\/a><\/strong> size is anticipated to reach USD 40.98 billion by 2028, registering a CAGR of 3.4% from 2021 to 2028, according to a new study conducted by Grand View Research, Inc. Air compressors are used in various industries, such as food and beverages, home appliances, oil and gas, semiconductors and electronics, healthcare, manufacturing, and energy. The rising need for the reduction of CO2 emissions and stringent regulations pertaining to environmental conservation is anticipated to boost market growth. Moreover, eco-friendly, reliable features, ease of handling, and low maintenance costs offered by the product are propelling its demand.<\/p>\n

The onset of the COVID-19 pandemic resulted in lockdowns and declining investments across industries and verticals, which hampered the growth of the market. However, after a short slowdown, the market is expected to rebound and witness a healthy growth rate in the post-pandemic era.<\/p>\n

The growing consumer awareness regarding product quality, the need for improved air quality, and supportive government policies on energy conservation are anticipated to boost the market growth. At workplaces, air compressors are required to comply with the Occupational Health & Safety (OHS) regulations, which would positively impact the market over the forecast period.<\/p>\n

Oil-free air compressors are expected to emerge as the fastest-growing lubrication segment. The growth is attributed to the increased proliferation in the manufacturing sector. Moreover, oil-free compressors reduce the operating costs by evading compressor oil separator elements and down-streaming filter replacement costs.<\/p>\n

Asia Pacific dominated the market for air compressor in 2020 owing to rapid industrialization in emerging economies, such as India and China. The need for efficient and next-generation compressors has propelled the product demand across different industries in the region.<\/p>\n

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Browse full report with Table of Content @ https:\/\/www.grandviewresearch.com\/industry-analysis\/air-compressor-market<\/a><\/strong><\/p>\n

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Air Compressor Market Report Highlights<\/strong><\/p>\n